The Share Capital Decrease of the Elzay Ready Wear Manufacturing Co.
التاريخ
Ref. :8/11/3855
Date: 17/08/2016
Memo No.
(92/2016)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: The Share Capital Decrease of the Elzay Ready Wear Manufacturing Co.
| Greetings, | |
| Kindly be informed that the SDC will carry on the process of decreasing the share capital of (8,294,754) shares of the Elzay Ready Wear Manufacturing Company on Wednesday 17/08/2016. The share capital decrease of the said amount will result in decreasing the registered capital from (15,000,000) shares to (6,705,246) shares through redeeming all of the company’s accumulated losses as of 31/12/2015. | |
Kind Regards,
Khalil Naser
Chief Executive Officer
